Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$42,119
Federal tax deduction
- $5,695
Provincial tax deduction
- $1,570
CPP deduction
- $2,201
EI deduction
- $665
Total tax
- $10,132
Net pay
* $31,987
Marginal tax rate
24.9%
Average tax rate
24.1%
75.9%
Net pay
24.1%
Total tax
Total tax
Net pay
The Taxberg
$31,987
Net pay
$3,133
Tax the employer pays
$10,132
Tax you pay
Total tax paid
$13,265
Did you know your employer also pays tax on your salary? It costs the employer $3,133 to pay you $42,119. In other words, every time you spend $10 of your hard-earned money, $3.15 goes to the government.
Real tax rate
29.3%
So, with you and the employer both paying tax, what used to be a 24.1% tax rate now rises to 29.3%, meaning your real tax rate is actually 5.2% higher than what it seemed at first.
Summary
If you make $42,119 a year living in the region of Nunavut, Canada, you will be taxed $10,132. That means that your net pay will be $31,987 per year, or $2,666 per month. Your average tax rate is 24.1% and your marginal tax rate is 24.9%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $24.90, hence, your net pay will only increase by $75.10.
Bonus Example
A $1,000 bonus will generate an extra $751 of net incomes. A $5,000 bonus will generate an extra $3,755 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 31,987
24.1%
1
British Columbia
CAD 31,550
25.1%
2
Northwest Territories
CAD 31,242
25.8%
3
Ontario
CAD 31,125
26.1%
4
Yukon
CAD 31,128
26.1%
5
Quebec
CAD 30,592
27.4%
6
Newfoundland and Labrador
CAD 29,971
28.8%
7
New Brunswick
CAD 29,865
29.1%
8
Alberta
CAD 29,632
29.6%
9
Saskatchewan
CAD 29,436
30.1%
10
Nova Scotia
CAD 29,336
30.4%
11
Prince Edward Island
CAD 29,305
30.4%
12
Manitoba
CAD 29,168
30.7%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 37,387
11.2%
1
Russia
CAD 36,644
13.0%
2
Ireland
CAD 36,217
14.0%
3
United Kingdom
CAD 35,600
15.5%
4
France
CAD 35,354
16.1%
5
Hungary
CAD 34,327
18.5%
6
Ukraine
CAD 33,906
19.5%
7
Norway
CAD 33,659
20.1%
8
Luxembourg
CAD 33,391
20.7%
9
Czech Republic
CAD 32,971
21.7%
10
Spain
CAD 32,787
22.2%
11
Austria
CAD 32,425
23.0%
12
Sweden
CAD 30,023
28.7%
13
Greece
CAD 29,752
29.4%
14
Germany
CAD 29,326
30.4%
15
Italy
CAD 28,902
31.4%
16
Poland
CAD 28,631
32.0%
17
Denmark
CAD 28,304
32.8%
18
Finland
CAD 27,451
34.8%
19
Netherlands
CAD 26,505
37.1%
20
Portugal
CAD 26,377
37.4%
21
Romania
CAD 24,640
41.5%
22
Belgium
CAD 23,434
44.4%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 34,478
18.1%
1
Canada
CAD 31,125
26.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 39,393
6.5%
1
Taiwan
CAD 37,553
10.8%
2
Thailand
CAD 36,732
12.8%
3
Australia
CAD 36,296
13.8%
4
South Korea
CAD 34,970
17.0%
5
New Zealand
CAD 34,693
17.6%
6
Kazakhstan
CAD 33,752
19.9%
7
Indonesia
CAD 33,373
20.8%
8
Pakistan
CAD 33,157
21.3%
9
Singapore
CAD 33,102
21.4%
10
Japan
CAD 32,656
22.5%
11
Malaysia
CAD 32,426
23.0%
12
Philippines
CAD 31,447
25.3%
13
Vietnam
CAD 30,254
28.2%
14
China
CAD 28,406
32.6%
15
India
CAD 27,150
35.5%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 38,080
9.6%
1
Puerto Rico
CAD 36,969
12.2%
2
Costa Rica
CAD 36,746
12.8%
3
Ecuador
CAD 35,623
15.4%
4
Panama
CAD 34,163
18.9%
5
Colombia
CAD 34,155
18.9%
6
Chile
CAD 33,678
20.0%
7
Mexico
CAD 32,259
23.4%
8
Peru
CAD 32,121
23.7%
9
Brazil
CAD 31,319
25.6%
10
Uruguay
CAD 30,424
27.8%
11
Argentina
CAD 27,368
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 32,712
22.3%
1
Angola
CAD 30,883
26.7%
2
Mozambique
CAD 30,458
27.7%
3
Kenya
CAD 30,189
28.3%
4
Ghana
CAD 29,251
30.6%
5
Ivory Coast
CAD 29,051
31.0%
6
Nigeria
CAD 28,822
31.6%
7
Morocco
CAD 28,671
31.9%
8
Uganda
CAD 27,787
34.0%
9
Cameroon
CAD 27,361
35.0%
10
Senegal
CAD 26,865
36.2%
11
Zambia
CAD 26,310
37.5%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 40,013
5.0%
1
Qatar
CAD 40,013
5.0%
2
Bahrain
CAD 38,749
8.0%
3
Oman
CAD 38,749
8.0%
4
Saudi Arabia
CAD 37,907
10.0%
5
Kuwait
CAD 37,486
11.0%
6
Israel
CAD 35,095
16.7%
7
Egypt
CAD 31,974
24.1%
8
Lebanon
CAD 31,853
24.4%
9
Turkey
CAD 24,797
41.1%
10
Show more
NOTE* Withholding is calculated based on the Nunavut tables of Canada, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.